Money - International
France pledges €15b to support aviation sector, says finance minister
Tuesday, 09 Jun 2020 4:08 PM MYT
PARIS, June 9 — The French government will provide €15 billion (RM72 billion) to support the country’s aviation industry, which has been hammered by the travel restrictions imposed to blunt the coronavirus pandemic, Finance Minister Bruno Le Maire said today.
"We are declaring a state of emergency to save our aeronautics industry so that it can be more competitive,” Le Maire said at a press conference in Paris.
The plan includes €1.5 billion to spur research on a future "carbon neutral plane,” he added. — AFP
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